WisdomTree Physical Precious Metals
WisdomTree Physical Precious Metals is backed by physical allocated precious metals held by HSBC Bank plc (the custodian). Only metal conforming with following rules can be accepted by the custodian: the London Bullion Market Association's (LBMA) rules for Good Delivery for Gold and Silver and the London Platinum and Palladium Association's (LPPM) rules for Good Delivery for Platinum and Palladium. Each physical bar is segregated, individually identified and allocated.
*Formerly ETFS Physical PM Basket
|Currency hedged||No – this product is not protected against adverse currency movements|
|Daily Change (19 Nov 2019)||1.15%|
|Price (NAV) (19 Nov 2019)||$116.78|
|Underlying Exposure||Physically backed with allocated metal subject to LBMA and LPPM rules for Good Delivery|
|Vault Inspector||Inspectorate International (Vault inspected 2x per annum)|
|Replication method||Physical - backed by bullion|
|Legal form||Debt security|
|Securities regulator||Financial Conduct Authority (FCA UK)|
|UK Reporting Status||Yes|
|Key Service Providers|
|Custodian||HSBC Bank plc|
|Trustee||The Law Debenture Trust Corporation p.l.c.|
|Issuer||WisdomTree Metal Securities Limited|
|Registrar||Computershare Investor Services (Jersey) Ltd|
|Entry / Exit fees||None when traded on Exchange|
Listings & Codes
|Listings & Codes|
i The above chart presents information about the difference between the daily market price for shares of the Fund and the Fund's net asset value. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 p.m. eastern time for most Funds). The vertical axis of the chart shows the premium or discount expressed as a percentage of mid-point.
† Source: Bloomberg, all data delayed at least 15 minutes.
Note: Volume is the number of securities traded on the relevant Exchange. Estimated value of securities traded (volume x Last price). For the purposes of showing the total turnover, we convert the turnover for each product from its trading currency into USD using a standard end-of-day benchmark exchange rate.
Spot Precious Metal LBMA and LPPM specifications
Each individual ETFS Physical PM Basket security has an effective entitlement to a basket of physical precious metals, and that entitlement changes daily to reflect the accrual of the management fee.
Authorised Participants create and redeem ETFS Physical PM Basket securities by delivering or receiving precious metals that conforms to the LBMA and LPPM Good Delivery standards.
ETFS Physical PM Basket securities are traded on exchange with a price that is based on the spot price of the individual precious metals multiplied by the applicable metal entitlement.
|Index Name||Spot Precious Metal LBMA and LPPM specifications|
|Index Provider||LPPM / LBMA|
|Index Constituent Count||4|
|Reuters Index Ticker||n.a.|
|Security||19 Nov 2019|
Securities issued by the Issuer are direct, limited recourse obligations of the Issuer alone and are not obligations of or guaranteed by any of HSBC Bank plc and JP Morgan Chase Bank, N.A. any of their affiliates or anyone else or any of their affiliates. Each of HSBC Bank plc and JP Morgan Chase Bank, N.A. disclaims all and any liability whether arising in tort, contract or otherwise which it might have in respect of this document or its contents otherwise arising in connection herewith.